The way we are planning to trade TSLAIn this post, we will share all the details of the setup we are waiting for on TSLA.
First of all, where this idea come from? (Check the link to related ideas to see the previous post)
Here, you can check the main image that brings context to this situation
s3.tradingview.com
We can see a similar situation going on right now, like what happened in the past.
What about the target?
s3.tradingview.com
We are using Fibo extensions to define the target of the macrostructure. In this case, the first one is around 1050.00 and the 2nd one around 1230.00
What about the setup?
We think the structure is ready, and if the price reaches our Greenline, we will open positions with a stop loss on the horizontal red line. The break-Even level is the new ATH, and Targets can be the first and the second one explained before. Expected duration: 1 to 3 months
Risk Management: We will be using 1% of our Capital on the stop loss.
ELON
FLM - BIG MOVE COMINGAs with all the other crypto pairs, we have seen a big bullish leg followed by a correction which we are in right now. We could possibly be in an ABC bullish correction now with the end of wave C aligning with the bottom of the flag and the Daily MA. Will wait to see if price reacts there and look for buying pressure.
TSLA - STOCKS - 12. APR. 2021Welcome to our weekly trade setup ( TSLA )!
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4 HOUR
Bullish price action.
DAILY
Strong turnover..Expecting more pressure.
WEEKLY
Overall bullish turning market.
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STOCKS SETUP
BUY TSLA
ENTRY LEVEL @ 698.94
SL @ 649.08
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
DOGE- Breakout in the next 24 Hours - What About 4/20?Situation : After a rather insane rise this week, DOGE entered a corrective pattern and is painting a descending triangle, or a very slight rising wedge. The market is still recoiling from its insane climb this past week, and whales are presumably still taking profit.
Note on Triangles : When you see a descending triangle pattern, it indicates that sellers are increasing in strength, and that buyers are weakening as they get pushed back against the bottom line/price in the triangle until the sheer volume of sellers overwhelms buyers altogether and the pattern breaks to the South.
Whats Next : As DOGE is in a typically bearish pattern and considering the week DOGE had, a bearish breakout -meaning it will break South of the triangle and fall further - is a reasonable expectation. This is a corrective pattern due to the market being overbought.
You can predict the extend of a breakout by looking at the length of the triangle at it's deepest and overlay that below the breakout point, or look for other strong supports or fib retracements. In this case I will be watching 17/18 cents as a reasonable target for the floor in a bearish breakout. This is invalidated if DOGE breaks North above the top trendline in the triangle. Failing that, the next (and stronger) value area is below there at 13 cents where DOGE has very strong support.
However - looking beyond charts , I think the memeability of DOGE, plus Elon's fondness of it, and with 4/20 coming up- it feels like this may be a prime opportunity for Elon or Snoop Dog or some celeberties to tweet something that goes viral enough to pump DOGE again. But this is highly speculative. But Elon does have a fondness for 2am stoner Tweets and I can't imagine he will let his adoring fans go without acknowledging them on this glorious holiday.
Whats Next : I will look for possible buy entries on a small bag of DOGE (for fun) around either 18 cents or at 13 cents on 4/19. Look for a strong confirmation that its a good entry, like a strong bounce off of those price points on a 15m candle. If it doesn't get that low we'll reconsider our entry target. Bear in mind that charting DOGE can be a gamble sometimes, one tweet from Elon will send it running up again. And there are whales out there with a billion dollars in DOGE who could also dump onto the market to crash price. So trade carefully. Also nothing can go up forever. This is not advice and DOGE is a highly volatile asset, risk management is always the key to trading crypto.
An idea for 4/20... What's everyone's opinion? Is the run over?Looking forward to seeing how this idea plays out.
Feel free to post any discussions below.
Good-luck fellow trading shibes.
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What we are expecting on TSLA before tradingThis is another simple idea, in which we look for a similar situation in the past, and we study how the price evolved from being inside a consolidation to starting a new impulse.
In this case, we have a clear scenario starting in February of 2020 with similar proportions in time and %decilene to the current one.
Yesterday we had the first attempt at a breakout of the current consolidation. Based on that, we will explain what we are looking for before trading:
a) A corrective pattern on the edge or above the last descending trendline of the consolidation.
b) The size of the corrective pattern must be similar to the size of the circle (it can take 6 to 7 days to be completed)
c) IF that happens, we will develop long setups using the horizontal green and red lines you can see on the chart as our Entry level / Stop level / Take Profit level. Our objective is to develop a setup that can give us a risk-reward ratio of 2 (that means that for every dollar we are risking, we are aiming to make 2 dollars)
Thanks for reading!
BITCOIN DOMINANCEI think this is a very strong signal that I can see, It has many patterns that show it gonna go more down. After that, we gonna meet Altcoins on the mars. But everything has not to follow patterns or technical analysis, if some good funda comes for it, so has a chance for a pullback. It's all about time.
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AVAX/USDT (1D)Avax scenario, probably in the yellow zone an accumulation will be repeated to shape a second fund where it can break upwards with the help of the hyperbola or else it will fall towards our 100-period SMA which has not touched it for a long time and This one had already shown us a strong reaction. Whereas if we see the case of Dump it would be better to close the trade even in losses because it would go to look for the closest support after that and it is somewhat far away.
Is A Storm Brewing ?Doge has been all over the news for weeks, a lot of attempts to pump it but price has been resilient ,that last recent spike is interesting either some impatient people sold which is likely and also someone bought a lot at these levels. The wedge is there it's all about if it will be broken, but I see a classic accumulation pattern here .I would say maybe the pull the stops towards the lower end and then shoot up ,which is definitely possible but for anyone like me who has traded forex ,stocks then crypto ,the patterns have been under manipulated here.
Pennant forming on a pennant? DOGEDon't think I've seen something like this specifically in a long time so not sure what it indicates. Looks like a pennant formed off the previous pennant and subsequent upshoot. Hopefully, this helps the next leg higher as DOGEUSD continues to gain mainstream appeal.
Pennant formation on DOGE 🚀?The daily chart shows a pennant forming, confirmed on the 4H chart. Could see a test of the 50 RSI and a bullish MACD cross based on the daily chart, if successful, it should break above the pennant channel and test its resistance, potentially breaking above resistance (most likely on the second attempt). No matter if it's crypto, commodity, or stock, it will often contend with a previous high before surpassing it.
Daily Chart:
TESLA Institutional Sell SignalTesla could be in trouble here. 2 sell signals in the past 4 weeks rejecting 700-750. We could be on our way down into the 400-450 region which is an area of previous consolidation.
Interesting considering Elon Must recently tweeted this,
www.ndtv.com
We would need a sharp sell off into that range on heavy volume and a subsequent buy signal from our systems to signal all clear to enter back into the water.
A gap up over 750 and a buy signal would negate this analysis and see us goto over 1000, but the odds of this at the moment are extremely unlikely.